Wells Fargo & Company MN Boosts Position in Harsco Co. (HSC)

Wells Fargo & Company MN increased its stake in shares of Harsco Co. (NYSE:HSC) by 116.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 231,569 shares of the industrial products company’s stock after purchasing an additional 124,354 shares during the quarter. Wells Fargo & Company MN owned approximately 0.29% of Harsco worth $4,840,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Trexquant Investment LP boosted its holdings in shares of Harsco by 43.9% during the third quarter. Trexquant Investment LP now owns 15,107 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 4,607 shares during the period. Legal & General Group Plc boosted its holdings in shares of Harsco by 1.8% during the third quarter. Legal & General Group Plc now owns 265,292 shares of the industrial products company’s stock worth $5,543,000 after purchasing an additional 4,760 shares during the period. Eagle Boston Investment Management Inc. boosted its holdings in shares of Harsco by 15.2% during the third quarter. Eagle Boston Investment Management Inc. now owns 65,726 shares of the industrial products company’s stock worth $1,403,000 after purchasing an additional 8,678 shares during the period. American International Group Inc. boosted its holdings in shares of Harsco by 5.8% during the third quarter. American International Group Inc. now owns 63,684 shares of the industrial products company’s stock worth $1,331,000 after purchasing an additional 3,492 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Harsco by 476.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,580 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 12,050 shares during the period. Institutional investors and hedge funds own 81.42% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Harsco from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of Harsco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Argus raised shares of Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Harsco has an average rating of “Hold” and a consensus price target of $20.00.

Harsco Co. (NYSE HSC) opened at $19.25 on Friday. The firm has a market cap of $1,508.33, a P/E ratio of 62.10 and a beta of 3.10. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87. Harsco Co. has a 52-week low of $11.40 and a 52-week high of $22.00.

Harsco (NYSE:HSC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $384.65 million for the quarter, compared to analyst estimates of $398.85 million. Harsco had a net margin of 1.69% and a return on equity of 32.46%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. equities analysts expect that Harsco Co. will post 0.68 EPS for the current year.

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Harsco Company Profile

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

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Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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